Accel Entertainment, Inc. ACEL

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
62/100
Moderate

About Accel Entertainment, Inc.

Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming and local entertainment operator in the United States. It engages in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, … Full ACEL analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 1.00), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 71.4th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.20), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
76

Where ACEL ranks in Gambling

Accel Entertainment, Inc. ranks #5 of 20 scored companies in Gambling by moat score — the top 25%. The widest moat in the group is Super Group (SGHC) Limited (SGHC) at 73/100.

Moat scores for companies ranked near ACEL in Gambling
# Company Moat score Rating
1 Super Group (SGHC) Limited SGHC 73/100 Moderate
2 Churchill Downs, Incorporated CHDN 70/100 Moderate
3 Inspired Entertainment, Inc. INSE 64/100 Moderate
4 Rush Street Interactive, Inc. RSI 64/100 Moderate
5 Accel Entertainment, Inc. ACEL 62/100 Moderate
6 Codere Online Luxembourg, S.A. Warrants CDROW 58/100 Moderate
7 Canterbury Park Holding Corpora CPHC 58/100 Moderate
8 Codere Online Luxembourg, S.A. CDRO 56/100 Moderate
9 Flutter Entertainment plc FLUT 54/100 Moderate

See every General Corporate company ranked by moat score →

How ACEL scores on the Corporate Default defenses

Pricing Power

Score 76 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 86 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 33 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 71 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 71 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 38 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding ACEL's moat

What is Accel Entertainment, Inc.'s moat score?

Accel Entertainment, Inc. (ACEL) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #5 of 20 scored companies in Gambling, the top 25%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Gambling. Its strongest defense is Cost Advantage (86/100) and its weakest is Customer Stickiness (33/100).

How does Accel Entertainment, Inc. compare with other Gambling companies?

Accel Entertainment, Inc. ranks #5 of 20 scored companies in Gambling by moat score. The widest moat in Gambling is Super Group (SGHC) Limited (SGHC) at 73/100. The companies ranked closest are Rush Street Interactive, Inc. (RSI) at 64 just above it and Codere Online Luxembourg, S.A. Warrants (CDROW) at 58 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Gambling. The defenses are then weighted to produce the overall score out of 100.

Why is Accel Entertainment, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Accel Entertainment, Inc.?

The Corporate Default template measures 6 defenses, and ACEL scores: Pricing Power (76), Cost Advantage (86), Customer Stickiness (33), Capital Efficiency (71), Resilience (71), Scale & Market Position (38). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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